Fee Simple Retail Strip
For Sale
Contact for pricing
5309 McPherson Boulevard, Fort Worth, TX 76123
Neighborhood commercial retail ownership includes both the underlying land and the building.
Property Size12,311 SF
Price / SF$553.49
Days on Market162
Property Features for 5309 McPherson Boulevard
General Information
Standard status
Active
Size
12,311 SF
Class
A
Total Parking Spaces
130
Property subtype
Retail
Zoning
E - Neighborhood Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Core
Net Operating Income
$405,427
Additional Details
Road Access
Yes
Building Details
Year Built
2020
Buildings
2
Units
130
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Ryan Byrne · License #580152
(214) 505-6379
Source:
Crexi
Added: May 7
Changed: Oct 10
Last Checked: Oct 14 at 7:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Global Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property consists of a retail strip center containing 12,000+ square feet, with fee simple ownership covering both the land and improvements. Constructed in 2020, the asset is classified under E - Neighborhood Commercial zoning and is positioned for retail use within the Chisholm Trail Ranch area.
The center fronts McPherson Boulevard at 5309 McPherson Blvd in South Fort Worth, Texas. Its setting within the South Fort Worth trade area places the property in a developing commercial corridor associated with ongoing residential expansion and consumer activity. The offering represents ownership of an existing retail building and its underlying parcel.
The center fronts McPherson Boulevard at 5309 McPherson Blvd in South Fort Worth, Texas. Its setting within the South Fort Worth trade area places the property in a developing commercial corridor associated with ongoing residential expansion and consumer activity. The offering represents ownership of an existing retail building and its underlying parcel.
Key Highlights
- 12,000+ square foot retail strip center
- Fee simple ownership includes land and building
- Built in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,882
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,957,640
$4.0M
Cap Rate 7%
$2,826,886
$2.8M
Cap Rate 9%
$2,198,689
$2.2M
Market Conditions
NOI Build-Up for 12,311 SF
Gross rent
$296.9K $24.12/SF
− Vacancy
−$14.3K −$1.16/SF
EGI
$282.7K $22.96/SF
− OpEx
−$84.8K −$6.89/SF
NOI
$197.9K $16.07/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,957,640
Cap Rate 7%
$2,826,886
Cap Rate 9%
$2,198,689
Alternative Uses
Best Use
Retail
$2.83M
$2.47M – $3.30M
NOI $197,882 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.47M
$3.91M – $5.22M
NOI $313,044 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 76123, TX
37,981
Population
14,095
Households
2.7
Avg Household Size
34
Median Age
33%
College-Educated
89%
High-School Grad
10.6 sq mi
ZIP Area
3,583
Density / Sq Mi
$98,618
Median Household Income
$45,876
Median Earnings
$2,138
Median Rent
$278,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Neighborhood commercial retail ownership includes both the underlying land and the building.
Where is this strip mall located?
The property is located at 5309 McPherson Boulevard Fort Worth, TX.
What is the asking price?
The asking price for this property is $6,814,000.
What are key features of this property?
This property features: 12,000+ square foot retail strip center; Fee simple ownership includes land and building; Built in 2020
